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08/5/13 - $0.04
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china haida ltd (CHHA) Details

China Haida Ltd., an investment holding company, manufactures and sells aluminum panels in the People’s Republic of China. The company offers a range of composite and single aluminum panels of various color surfaces and finishes under the Haida brand name. Its products are used in various interior and exterior applications, such as curtain walls, wall claddings, facades, ceilings, roof edgings, column claddings, shop fronts, partitions, furniture, stairways, and elevator. The company also provides spray-painting services. It exports its products to Brazil, England, the United States, Ukraine, Mexico, Italy, Spain, Austria, Tunisia, Malaysia, and other countries. China Haida Ltd. was founded in 1997 and is based in Singapore.

Founded in 1997

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china haida ltd (CHHA) Key Developments

China Haida Ltd., Annual General Meeting, Apr 29, 2014

China Haida Ltd., Annual General Meeting, Apr 29, 2014., at 14:00 Singapore Standard Time. Location: Chartroom, Level 2 Raffles. Agenda: To consider audited accounts for the financial year ended 31 December 2013; to re-elect Directors; to approve directors' fees; to re-appoint Messrs Crowe Horwath First Trust LLP as auditors; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; to consider issue of shares; to consider renewal of the shareholders' mandate for Interested Person Transactions; and to consider renewal of the share purchase mandate.

China Haida Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2013

China Haida Ltd. reported unaudited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of RMB 432,116,000 compared to RMB 388,404,000 a year ago. The increase in revenue was attributed mainly to higher domestic sales within the PRC as well as higher export sales to the overseas markets. Loss from operations was RMB 15,591,000 compared to profit from operations of RMB 9,784,000 a year ago. Loss before taxation was RMB 16,933,000 compared to profit before taxation of RMB 8,466,000 a year ago. Loss after taxation was RMB 19,931,000 compared to profit after taxation of RMB 5,505,000 a year ago. Total comprehensive loss attributable to equity holders of the company was RMB 20,122,000 compared to total comprehensive income attributable to equity holders of the company of RMB 5,654,000 a year ago. This was attributed mainly to the net allowance for doubtful trade debts of approximately RMB 23.3 million. Basic loss per share was 7.8 cents compared to basic earnings per share of 1.1 cents a year ago. Net cash used in operating activities were RMB 14,439,000 compared to net cash generated from operating activities of RMB 3,947,000 a year ago. Purchase of property, plant and equipment was RMB 3,117,000 compared to RMB 7,431,000 a year ago. Net asset value per ordinary share based on the total number of issued shares excluding treasury shares was 100.0 cents as at December 31, 2013 compared to 107.9 cents as at December 31, 2012.

China Haida Ltd. Appoints Ong Kian Guan as Lead Independent Director, March 1, 2014

China Haida Ltd. announced the appointment of Mr. Ong Kian Guan ('Mr. Ong'), an Independent Director as the Lead Independent Director of the Company with effect from 1 March 2014. Mr. Ong remains the Chairman of the Audit Committee and also as a member of the Nominating Committee, and Remuneration Committee.


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